US regional casino operator Boyd Gaming has acquired a healthy chunk of the video gaming terminal (VGT) market in Illinois.

This week, Boyd announced that it had acquired Lattner Entertainment Group Illinois in an all-cash deal worth $100m. The price is roughly 8x Lattner’s adjusted earnings, and Boyd expects the deal to be free cash flow positive and immediate accretive to its own earnings.

Lattner operates roughly 1k VGT units across 220 locations in Illinois. Boyd CEO Keith Smith said the acquisition provided “a valuable new avenue to access gaming customers and a platform to participate in the expansion of distributed gaming.”

The deal is expected to close by the end of the current quarter, pending the usual regulatory approvals. Boyd plans to pay for the deal with cash flow from operations and available funds from its existing credit facility.